This is a very peaceful ocean sim - only 4 homes maximum for the whole sim. You will have owner rights on a gorgeous island complete with prim trees and home which you can return if you prefer to buy your own
Two quarter sim parcels can be merged if you prefer a half sim.500L for a 1/4 sim at CC Isles Tavewa: 937 prims and 8550L per month tier.
(Tier will rise to 10830 per month on January 1, 2009)
http://slurl.com/secondlife/CC%20ISLTavewa/124/129/22
Laitai:

or Nanuya:

PLUS I have 1 x 4096 ocean frontage island and 1 x 2048 lagoon frontage island at CC Isles - Lautoka. This is a lovely community. The sim includes a protected communal lagoon with a small reef for diving, and an atoll for dancing and chatting
4096 square metre parcel = 937 prims & 8265L monthly tier
2048 square metre parcel = 468 prims & 4845L monthly tier
http://slurl.com/secondlife/CC%20ISLES/162/105/22

IM Circle Widdershins inworld for more info
Edited due to an island being sold.